TDH: Board approves to issue new shares and pay cash dividend

On May 26, 2016, the Board of Directors of Thu Duc Housing Development Corporation approved the following contents:

1. Approving a record date for issuing shares to raise capital from the owner’s equity:

-          Number of outstanding shares: 61,730,089 shares

-          Number of shares expected to issue: 9,259,513 shares

-          Object of issuance: the existing shareholders

-          Issue ratio: 100:15 (Those who own 100 common shares will receive 15 new shares.)

-          Financial resource: the capital surplus

-          Record date: June 14, 2016

1. Approving a record date for implementing the second cash dividend payment for 2015:

-          Payment ratio: 5% par value (VND500/share)

-          Payment method: in cash

-          Object of issuance: the existing shareholders

-          Financial resource: the undistributed after-tax profit

-          Record date: June 14, 2016

-          Payment date: June 27, 2016

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